Inventory Financing Sublimit Borrowing definition

Inventory Financing Sublimit Borrowing means a Borrowing under the Inventory Financing Sublimit Tranche.
Inventory Financing Sublimit Borrowing means Revolving Loans under the Inventory Financing Sublimit Tranche of the same Type made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.
Inventory Financing Sublimit Borrowing means a Borrowing under the Inventory Financing Sublimit Tranche. “Inventory Financing Sublimit Borrowing Base” means, as redetermined upon the delivery of each Borrowing Base

Examples of Inventory Financing Sublimit Borrowing in a sentence

  • With respect to any Inventory Financing Sublimit Borrowing, such Inventory Financing Sublimit Borrowing shall be deemed to have been used to finance the Eligible Inventory specified in the applicable Borrowing Request (Financed Inventory) in accordance with clauses (i), (ii) and (iii) of the preceding sentence, regardless of the manner in which the proceeds of such Inventory Financing Sublimit Borrowing are actually applied.

  • With respect to any Inventory Financing Sublimit Borrowing, such Inventory Financing Borrowing shall be deemed to have been used to finance the Eligible Inventory specified in the applicable Committed Loan Notice (Financed Inventory) in accordance with clause (i), (ii) and (iii) of the preceding sentence, regardless of the manner in which the proceeds of such Inventory Financing Sublimit Borrowing are actually applied.


More Definitions of Inventory Financing Sublimit Borrowing

Inventory Financing Sublimit Borrowing means a Committed Borrowing under the Inventory Financing Sublimit Tranche. “Inventory Financing Sublimit Borrowing Base” means, as determined upon the delivery of each Borrowing Base Certificate delivered pursuant to Section 6.01(c), as of the Inventory Financing Sublimit Borrowing Base Date specified therein, the amount equal to the product of (a) 90% and (b) an amount equal to the sum of (in each case, as determined as of such Inventory Financing Sublimit Borrowing Base Date) (i) the Sale Value of Financed Eligible Inventory that is subject to sales contracts, plus (ii) the Hedged Value of Financed Eligible Inventory that is not subject to sales contracts, minus (iii) all storage, transportation and other applicable costs related to such Financed Eligible Inventory as reasonably estimated by the Borrower. “Inventory Financing Sublimit Borrowing Base Date” means the last day of each calendar month. “Inventory Financing Sublimit Tranche” has the meaning set forth in Section 2.01(c). “Inventory Financing Sublimit Prepayment Amount” has the meaning set forth in Section 2.03(f). “Inventory Financing Sublimit Tranche” has the meaning set forth in Section 2.01(c).
Inventory Financing Sublimit Borrowing means a Committed Borrowing under the Inventory Financing Sublimit Tranche.

Related to Inventory Financing Sublimit Borrowing

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Letter of Credit Borrowing shall have the meaning set forth in Section 2.12(d).

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Revolving Commitments and $200,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.